Mortgages

The two fintechs’ venture looks to solve the long-standing problem of connectivity as the barrier to full lending digitization.

Counties in the West faced the least risk from pandemic distress in the third quarter, according to Attom Data Solutions.

One winning bidder, who bought two of the four pools in the government-sponsored enterprise’s nonperforming loan offering, is a repeat buyer affiliated with a minority- and women-owned business.

The deal is the investment company’s second since it launched on Sept. 28.

The changes include a relationship tracking engine that details interactions between real estate agents and mortgage brokers.

The heightened level of refinancing seen earlier this year cooled further, with applications declining for the fourth straight week.

The financial services technology provider will leverage multiple data sources to verify borrower salaries at a “flip of a switch.”

A lack of awareness about assistance programs and apprehension hold back many consumers who could otherwise afford to buy a home, according to a new survey.

Gain on sale has dipped 130 basis points per loan since the third quarter last year, but over the same period, per loan expense is up by $1,216.

Taking a consistent, equitable and borrower-friendly approach could go a long way toward compliance, but mortgage companies and attorneys expect the devil will be in the details.

Listing times, price appreciation and inventory of for-sale homes all made incremental gains in favor of buyers, according to Zillow

CEO Michael DeVito told attendees at the Mortgage Bankers Association’s annual convention in San Diego that the move is among the types of “cash-flow underwriting” updates the government-sponsored enterprise is considering.

While September's single-family starts were unchanged from the prior month, multifamily activity fell 5%, according to government data.

The company blamed its decision to stop new acquisitions for the rest of the year on the labor shortages roiling the U.S. economy.

After permitting remote appraisals on an interim basis during the pandemic, Fannie Mae and Freddie Mac will accept them outright starting in early 2022, the acting head of the Federal Housing Finance Agency said.

Changes in the Fed, including the replacement of Jay Powell as chairman, might shift the board back to a dovish economic position.

The multichannel lender plans to expand its footprint in the non-agency market as a result of the majority shareholder investment in the company changing hands.

The transaction fills in gaps in each company's capabilities for serving their customers, monetizing data for SimpleNexus, and mobile capabilities for LBA Ware.

The system is being rolled out to Motto Mortgage franchisees first and then to the broader mortgage broker market in January.

Cities in Texas and the South issued the largest number for single-family housing, with all regions seeing consistent yearly growth.